The3xETFTrader

The3xETFTrader

3x ETF Morning Report 6.26.24

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Markets:     A little bounce up on QQQ yesterday, this could be a B wave rally up after the initial A wave down...  Action Items:  
  •  SOXL Alerted at 53.50 area Tuesday to start 10% position, notes below
Watching:  N/A

Positions/Notes:   SOXL NEW 6/25

3x ETF Trade Alert

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  Chip Stocks

Per this mornings notes

SOXL 53.45

Lets start 10% position, risk to maybe $50.50 area on the pullback 

Max price 54, add on dips towards 50.50 if so for 10% initial position

No target or stop yet... 

 

ES Morning Report and Trade Update 6.24.24

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Stopped out at 5520 break even on Friday, the low was 5519...

Looking to enter another position, right now ES Sept Futures at 5534 area
5513 key support on further pullback here

If you are aggressive, try an entry at 5520 area with a tight stop…

3x ETF Morning Report 6.24.24

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Markets:     Consolidating, QQQ could pull back to 470 area from 481... not much has changed in last few trading days including the index charts

Longer Wave count still bullish to 510-515 possible on QQQ. We may get long TQQQ on a bit further drop. …

3x ETF Morning Report 6.21.24

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Markets:     Consolidating, QQQ could pull back to 470 area from 481...

Updated QQQ DailyMonday QQQ Chart repeated for Wave CountETF Action Items:  BITX has hit 37.50 trigger to start position double up this morning

BITX 37.50 hit pre market. Max buy 38…

3x ETF Morning Report 6.20.24

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Markets:    ES Service (ESALERTS.COM) is long from 5520 and we are at 5577. Everyone should join, easy to trade like stocks, tax favorable treatment.

Seeing SP 500 moving to my 5700-5800 intermediately per my May projections still. QQQ ETF can run to 510 area…

3x ETF Trade Alert 6.18.24

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  Biotech has been consolidating gains in an ABC-x-ABC Elliott Pattern

Looks like a good time to take an entry for a scalp trade as this LABU can move very fast if you miss the pivots

LABU- 10% Position Alert  106.33 Area pre market

INCLUDES…

3x ETF Morning Report 6.18.24

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Markets:   SP 500 Etc moved up on Monday. The futures service went long at September Futures 5520 when last weeks high was taken out for reference. A larger wave 3 continues. We may get long some Bull index position/s but with different stops set up…

ES Morning Report and Trade Alert 6.17.24

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Monday Update

Switching to September contract, so 5520 is essentially same as 5450 on the June prior highs

I prefer to WAIT for break of prior highs to go long. I'm intermediately bullish but being risk averse to enter for now

5520 limit buy if hit…

3x ETF Morning Report 6.17.24

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Markets:   SP 500/ES hit my pivot highs on Wednesday this week.  I think we go higher intermediately, watch 5340 on ES Futures as support level, about 70 points below current pricing at 5413

Here is my weekly chart view-  Bullish still, some further pullback possible

Weekly Market Report now online! 6.16.24


Weekly Market Forecast and Trade Ideas report now online
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  • I cover the QQQ ETF long term update, Bitcoin bull projection chart... 
  • Swing Trade Ideas list for my top 10-20 stock ideas near term which we use at the stockreversalspremium.com service to drill down and pick our trade alerts
  • Quick notes on the markets and more

    SRP…

3x ETF Trade Alert 6.14.24

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 Bitcoin dropping near 65,000. I thought we were going to break out of 13 week base soon but the pattern is shifting a little.  I think we bottom in the 62,600 to 63,700 ranges.

We want to double up to 20% position 

Limit is…

3x ETF Morning Report 6.14.24

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Markets:   SP 500/ES hit my pivot highs on Wednesday this week.  I think we go higher intermediately, watch 5340 on ES Futures as support level, about 70 points below current pricing at 5413

Here is my weekly chart view-  Bullish still, some further pullback possible

ES Morning Report 6.14.24

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Friday Update- 5413 area

110 point win this week, closed at 5450

I think intermediately I'm still looking for "Potential" to 5800 area on ES. I put this 5700-5800 projection out on May 19th, sticking with it for now

At 5455 we had a Fibonacci sequence…

3x ETF Morning Report 6.13.24

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Markets:   ES Futures hit my 5455 projection yesterday. The ES Service closed out a 110 point futures profit from 5340 to 5450.  This is all my interpretation of Elliott Wave/Fibonacci patterns coupled with a few things I sprinkle in.

So short term both the QQQ…

ES Morning Report 6.13.24

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Thursday Update- 5440 area

We actually had a 110 point win as we were long from 5340 and the sell was 5450... damn we will take it

Now we are flirting with multiple areas of resistance near term. I am bullish intermediately as you all know…

ES Trade Close for 80 points

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Wednesday Update-  TOOK GAINS AT 5440!!

5455 was my target last week  and we hit 5453...

I said to sell at 5440, that's an 80 point profit

I'm intermediately bullish but short term neutral to cautious here as QQQ and SP 500 are hitting my…

Weekly Market Report now online! 6.9.24


Weekly Market Forecast and Trade Ideas report now online
(Scroll down for link)

SIGN UP FOR WEEKLY REPORT TO YOUR EMAIL INBOX   click here
  • I cover the QQQ ETF long term update, Bitcoin bull projection chart... 
  • Swing Trade Ideas list for my top 10-20 stock ideas near term which we use at the stockreversalspremium.com service to drill down and pick our trade alerts
  • Quick notes on the markets and more

    SRP…

3x ETF Trade Alerts

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Per the morning report, both NUGT and YINN have hit the limit prices this afternoon to start scaling into 10% additional positions, you can do this over a few days I think.

Here is the refresher

3x ETF Action Items:  YINN and  NUGT ADD…

3x ETF Morning Report 6.7.24

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Markets:  ADDING TO NUGT/YINN TODAY IF PRICE LEVELS HIT SEE NOTES BELOW

ES Futures hit 5329 lows this morning on Payrolls data but for now holding around 5340 as we consolidate.  ES Alerts service had advisory yesterday to buy 1/2 at 5350 (Market was 5373…

ES Morning Report and Trade Update 6.7.24

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Friday 6/7 Update

ES around 5340

Yesterday's trade parameters: New idea-  Tranche at 5350, another at 5330 LONG... Stop 5320, Target  5400

We dropped hard on Payrolls data this morning to 5329, and dipped at one point yesterday below 5350... so if you followed the trade…
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